520 E. 72ND COM. CORP. v. 520 E. 72ND OWNERS CORP.

No. 86 Civ. 7581 (MP).

691 F.Supp. 728 (1988)

520 EAST 72ND COMMERCIAL CORP., 520 East 72nd Garage Corp., and 520 East 72nd Street Laundry Corp., Plaintiffs, v. 520 EAST 72ND OWNERS CORP., Defendant.

United States District Court, S.D. New York.

July 20, 1988.


Attorney(s) appearing for the Case

Stults & Marshall by John T. Van Der Tuin, Eric D. Balber, New York City, for defendant.

Abrams, Lerner, Kisseloff, Kissin & Lapidus, P.C. by Steven R. Lapidus, Stanford M. Singer, New York City, pro se.


OPINION

MILTON POLLACK, Senior District Judge.

A contingency fee retainer agreement is challenged by a cooperative corporation as unconscionable, unreasonable and out of all proportion to the value of the legal services rendered, prospectively and retrospectively. For the reasons indicated hereafter, the contingent retainer agreement will be declared null, void and unenforceable and the attorney remitted to a reasonable compensation in quantum meruit.

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